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2019-02-14 07:15:17

HLT

Hilton

$79.41

5.16 (6.95%)

07:15

02/14/19

02/14

07:15

02/14/19

07:15

Hilton price target raised to $99 from $88 at SunTrust

SunTrust analyst C. Patrick Scholes raised his price target on Hilton to $99 and kept his Buy rating, rolling out his model to 2020 after the company's Q4 earnings beat and better than expected outlook for Q1 and FY19. While the analyst notes that the better than expected results were driven by changes to financial reporting account, he also believes that Hilton can be an outperformer in the lodging sector with stable RevPAR room growth through 2020.

HLTHilton

$79.41

5.16 (6.95%)

11/05/18

ARGS

11/05/18DOWNGRADEARGSHold

Hilton downgraded to Hold from Buy at Argus

11/05/18

ARGS

11/05/18DOWNGRADEARGSHold

Hilton downgraded to Hold at Argus on macro concerns and tighter competition

As reported earlier, Argus analyst John Staszak downgraded Hilton to Hold from Buy, saying that while the company is seeing success from its franchised business model, some of its markets are facing more challenging economic conditions and competition from other hoteliers and Airbnb is growing tighter. The analyst also lowers his FY18 EPS view by 5c to $2.75 and FY19 by 6c to $3.10, adding that Hilton stock looks "fully valued" at a forward earnings multiple of 23.4-times relative to the peer average of 17.0-times.

11/05/18

11/05/18DOWNGRADE

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Sell from Hold at DZ Bank. 2. Encana (ECA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at BMO Capital. 3. Hilton (HLT) downgraded to Hold from Buy at Argus with analyst John Staszak saying that while the company is seeing success from its franchised business model, some of its markets are facing more challenging economic conditions and competition from other hoteliers and Airbnb is growing tighter. 4. Motorola Solutions (MSI) downgraded to Hold on valuation at Gabelli with analyst Hendi Susanto citing valuation. 5. UMC (UMC) downgraded to Sell from Underperform at CLSA with the firm's analyst citing the U.S. federal grand jury indictment into the company's potential involvement in IP-theft from Micron (MU). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Wells Fargo analyst Jeffrey Donnelly downgraded his sector rating on the Lodging sector to Underweight from Market Weight. Deceleration in the outlook for domestic and global growth, rising labor costs and turnover, as well as the yield curve signaling higher risk of a nearing recession, will collectively make it challenging for the hotel sector to deliver accelerating growth and outperform, Donnelly tells investors in a research note. Within the sector, the analyst believes hotel brands are better positioned to outperform the hotel real estate investment trusts "given their healthy unit growth and lower sensitivity to economic shifts in the short run." He lowered his price target for Market Perform-rated Choice Hotels (CHH) to $80 from $82, for Outperform-rated Hilton (HLT) to $74 from $81, for Market Perform-rated Marriott (MAR) to $119 from $127, for Market Perform-rated RLJ Lodging Trust to $19 from $20, for Market Perform-rated Sunstone Hotel (SHO) to $15 from $16 and for Market Perform-rated Xenia Hotels (XHR) to $20 from $21.